This operating agreement exhibit takes effect if any party takes and disposes of less than its percentage interest share of gas (including casinghead gas) produced and saved during any calendar month. The volume not taken by that party may be taken by any other party or parties.
Franklin Ohio Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that pertains to gas balancing agreements within the context of the operating agreement for activities related to gas production and distribution in Franklin, Ohio. It specifically focuses on the gas balancing aspect of the agreement, which ensures that the amount of gas being produced and delivered by different parties remains in equilibrium. This exhibit serves as an appendix to the overall operating agreement, providing a detailed description and guidelines regarding gas balancing procedures, responsibilities, and calculations. It outlines the methodology to be employed in assessing and reconciling any discrepancies in gas quantities produced, transmitted, and utilized by the parties involved in gas production in Franklin, Ohio. The Franklin Ohio Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 acknowledges the importance of accurately measuring gas quantities to maintain a fair distribution and allocation among the involved parties. It establishes the obligations of each party to provide accurate gas measurement data, maintain reliable metering systems, and promptly report any discrepancies or imbalances to ensure transparency and efficient gas operations. Furthermore, this exhibit may have different variations or versions based on the unique circumstances and requirements of specific gas balancing agreements within Franklin, Ohio. These variations may include different procedures, reporting mechanisms, or specific terms tailored to the needs of the entities involved in the gas production and distribution activities. The Franklin Ohio Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 plays a vital role in promoting cooperation and fairness between the gas production companies operating in Franklin, Ohio. Its primary goal is to minimize imbalances in gas quantities, ensuring fair compensation and proper functioning of the gas distribution network within the region. By implementing this exhibit to the operating agreement, the involved parties can establish a clear framework for handling and resolving any gas balancing issues that may arise during their operations in Franklin, Ohio. This leads to smoother transactions, reduced disputes, and ultimately supports the efficient and sustainable functioning of the gas production industry in the region.Franklin Ohio Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that pertains to gas balancing agreements within the context of the operating agreement for activities related to gas production and distribution in Franklin, Ohio. It specifically focuses on the gas balancing aspect of the agreement, which ensures that the amount of gas being produced and delivered by different parties remains in equilibrium. This exhibit serves as an appendix to the overall operating agreement, providing a detailed description and guidelines regarding gas balancing procedures, responsibilities, and calculations. It outlines the methodology to be employed in assessing and reconciling any discrepancies in gas quantities produced, transmitted, and utilized by the parties involved in gas production in Franklin, Ohio. The Franklin Ohio Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 acknowledges the importance of accurately measuring gas quantities to maintain a fair distribution and allocation among the involved parties. It establishes the obligations of each party to provide accurate gas measurement data, maintain reliable metering systems, and promptly report any discrepancies or imbalances to ensure transparency and efficient gas operations. Furthermore, this exhibit may have different variations or versions based on the unique circumstances and requirements of specific gas balancing agreements within Franklin, Ohio. These variations may include different procedures, reporting mechanisms, or specific terms tailored to the needs of the entities involved in the gas production and distribution activities. The Franklin Ohio Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 plays a vital role in promoting cooperation and fairness between the gas production companies operating in Franklin, Ohio. Its primary goal is to minimize imbalances in gas quantities, ensuring fair compensation and proper functioning of the gas distribution network within the region. By implementing this exhibit to the operating agreement, the involved parties can establish a clear framework for handling and resolving any gas balancing issues that may arise during their operations in Franklin, Ohio. This leads to smoother transactions, reduced disputes, and ultimately supports the efficient and sustainable functioning of the gas production industry in the region.
